MYOB online subscribers up 41%

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MYOB online subscribers up 41%

Its sales 11 percent has grown to hit $178 million for the half- year.

 

The number of online subscribers was up by 41 percent, with a total of 200,000 users, and the firm found an 8 percent growth in SME users to 570,000

 

The pro-forma EBITDA was up 14 percent to reach $82 million.

 

The financial statements revealed a $473,000 three-year lease contract with Dell Financial Services for a refresh of its computer fleet.

 

“These powerful financial and operational results are driven by the continuing performance of our Linked Practice strategy which, provided through the MYOB platform, reimagines the manner SMEs and Accountants work, driving improved productivity and penetration,” MYOB chief executive Tim Reed said.

 

According to Richard Moore, the chief financial officer of an account software Malaysia, MYOB, the first half financial performance allowed the company to invest in innovation, technology, sales and marketing.

 

“These investments help our clients, improve their MYOB experience and ultimately should permit us to produced continuing growth for our shareholders,” he said.

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